Must prorate based on duration of
PERSONAL RELIEFS
3rd 20,000 Normal 3,000 1,500
Unutilised bal. can c/f employment Key appt 5,000 3,500
(MAX CAP = $80,000) Not incl. in PR max cap of $80,000 holders
EARNED INCOME RELIEF (EIR) CPF MEDISAVE CONTRIBUTIONS Wife/ 750/each
Age Normal Handicapped PARENT RELIEF (max 2) Self-employed: Parent (SG
<55 1,000 4,000 Same/diff HH >= $2,000 annual Annual <35 35-44 45-49 >=50 citizens)
55-59 6,000 10,000 maintenance Incom NSman who Claim only 1 relief,
>60 8,000 12,000 e
Dependent: >55yo; annual income is a parent whichever higher
<=$4,000 6-12k 4% 4.5% 5% 5.25%
(ownself)
SPOUSE RELIEF Handicap: no age/income limit 12-18k 4-8% 4.5-9% 5- 5.25-
RELIEF FOR CPF CASH TOP-UPS
$2,000 / $5,500 Type Same HH Diff HH 10% 10.5%
Up to $7,000 for ownself
Spouse’s annual income <= 4,000/no limit >18k 8% 9% 10% 10.25%
Normal 9,000 5,000 Another $7,000 for spouse/siblings (<=
Legal sep. + maintenance pmts = can Max 5,76 6,480 7,200 7,560
Handicapped 14,000 10,000 $4,000) and parents/grandparents/in-
claim 0
Can share. Same HH claim more. laws/handicapped (no income limit)
CHILD RELIEF RELIEF FOR LIFE INSURANCE PREMIUMS
GRANDPARENT CAREGIVER RELIEF RELIEF FOR SUPPLEMENTARY
QCR = $4,000 per child / HCR = $7,500 7% of capital sum assured
Working mother claim $3,000/caregiver RETIREMENT CONTRIBUTIONS
TOTAL CLAIM CAP = $50,000 Male TP: claim for own + wife
Child: SG citizen + <12yo Remuneration is taxable. Just claim the
EITHER husband/wife. Can be shared. Wife: claim for own ONLY
Grandparent: not working/trade; in SG relief after.
QCR: <16yo; FT education; annual income NO relief if total CPF contributions
No limit for unmarried handicapped SRS: voluntary. Can contribute various
<= $4,000 >$5,000
CPF + insurance premium = $5,000 CAP amounts. SG citizens + PRs + Resident
HCR: physical/mental disability; no
HANDICAPPED SIBLINGS RELIEF foreigners
income limit
$5,500. Can share. Claim alr, no one else Income Max Relief ~
COURSE FEES RELIEF
can claim. CAP 15% (Foreigners)
WORKING MOTHER CHILD RELIEF CAP $5,500
Dependent: physical/mental disability 35%
Birth Order Amt Academic/professional qualifications rel.
Same/diff HH >= $2,000 annual maint. 102,000 15,300 35,700
1st 15% of assessable income to current/new employment/TBPV.
2nd 20% Can defer & claim within 2 yrs after SG citizens + PRs: 62yo then can
CPF RELIEF withdraw
3rd 25% completion (no income rn).
SG citizens + PRs Taxed on 50% of withdrawals.
CAP/child 50,000 Employees: Foreigners: over 10yrs of contributions
CAP/mother 100% income
Ord Wage Total Wage CPR Relief before withdrawing
Child: SG citizen + QCR criteria RELIEF FOR FOREIGN MAID LEVY
Ceiling Cap Tax penalty on premature withdrawals:
Working mother: X2 amt of one maid levy
6,000 102,000 20,400 100% of withdrawn sum + 5% penal
Married/divorced/widow + earned Levy Relief
income Normal 300 600
Self-employed:
Concessionar 60 120
Ord Wage Total Wage CPR Relief
PARENTHOOD TAX REBATE y
Ceiling Cap
One-off when give birth. Can share Total = levy*2*no. of months worked
6,000 102,000 37,740
between parents. Deduct on tax payable. Woman: Earned income + married;
Relief = LOWER of husband not SG citizen ok;
Newborn: SG citizen + legitimate child/
1. Actual contribution divorced/widowed w unmarried child
legal adoption (<12 months birth)
Birth Order Amt
2. 37% assessable trade income
1st 5,000
3. 37% of 102,000 ($37,740) NSMEN RELIEF
2nd 10,000 Active Inactive
, NON-R & WITHOLDING TAX 3. Actual pmt “Fixed place Place of Features of FTC pooling:
Deemed provisions: 1. Borne by R/PE in Late pmt penalties: 5% + 1%/mth (30 days of ops” mngmt/floors permanency; Conditions: 1. Tax paid in foreign jur 2.
svc income pace/local cannot be short
SG / 2. Deductible against SG-sourced after due date). CAP 15% of WHT. employees duration
Head-line TR > =15% 3. Have SG tax pay. 4.
income. Non-R is resident of treaty country: only ** FS svc income: if no “fixed place of ops” Entitled to FTC.
Except: arrangement/service performed business profits attributable to PE in SG treated as locally sourced income (taxed Qualify for tax sparring credit (tax not paid
outside SG & guarantor: Non-R subj. to tax on accrual basis) in foreign jurisdiction) = don’t qualify for
(must be performed in SG) If subj. to tax in SG alr, no need for WHT. FS Div. considered subj. to tax: FTC pooling
PE: 1. Asset 2. Activity 3. Agency test 1. Total taxed income >= total div. Qualify for exemption in SG = don’t qualify
Onus is on payer to withhold tax. Collect tax FOREIGN SOURCED INCOME paid for FTC pooling
from non-R. DTA lower the rates FS income received in SG by R & Non-R: TAX 2. Positive current year tax expense in Not allowed if tax loss position.
EXEMPT audited accounts
Exempt method: S13(8) / S13(12) Concession: substantial biz activities
Deemed remittance: (taxable) overseas (gen ec benefits for SG): TAX
1. Remitted into SG EXEMPT.
2. Satisfy debt wrt trade/biz in SG No rd tripping of local income; not shell co.;
3. Buy movable ppt brought into SG apply before remittance.
Credit method
FS income: GROSS amt (incl. foreign tax Deduction method
paid) FOR NON-R. After tax FS income (NET amt;
Double taxation relief (DTR): Income not tax deduct foreign tax paid)
exempt in SG; R in SG; may grant tax
sparring relief (foreign tax deemed paid GOODS AND SERVICE TAX (GST)
when not) Charged on taxable ss by taxable person for
10% 15% 17% 22%
furtherance of biz.
Royaltie Int/comms/ Show how Dire S13(8) Tax R - FS dividends, branch profits, TAXABLE STANDARD ZERO-RATED
s S12(7) fees related to pmts/tech ctor service income (D/B/S): TAX EXEMPT RATED 7% 0%
(a) loan/indebtedn assistance fees If co. profitable assumed subj to corp. Export
Knowho ess S12(6)(a) S12(7)(b) Intl svcs
w pmts Rent to use 2nd leg
tax before paying out dividends.
NON- EXEMPT OOS
S12(7) movable Managem Conditions: TAXABLE Sale/lease of Wages
(b) 1st property S12(7) ent fees Subj. to Paid/payable. 2004 concession: Unilateral taxation relief (UTR): covers all residential GG concern
leg (d) S12(7)(c) corp tax in Not met if: tax (Dividends) Tax property transfer
foreign exempt in exemption is
types of FS income. Applicable when
Gains from Unit trust Financial svcs Private transn
property trans dist. jurisdiction foreign incentive for exemption & DTR do not apply. Inv of precious Third country
Non-R country OR FS substantial biz Foreign tax credit (FTC): R in SG; FS income metals sales
have PE in income activities regrossed (incl. FT paid) + deduct allowance Deemed SS: Biz gift >200% & Disposal gds;
SG moved to 2008 concession:
exp. input tax previously allowed. (Biz pay
Final Final Non-final Non- another FS div temp. dep.
foreign in custodian acc. SG tax payable = tax rate * chargeable output tax instead of end customer)
(can claim final
on net jurisdiction w Remit to SG in a income (after exempt) * (Gross FS Place of SS Gds: physically located
basis) no tax levied yr. No add. income/Total income) (Belonging Imports: GST charged at pt of
Income gen. LOWER of 1. SG tax payable 2. Foreign tax test) importation
Due: 15th of 2nd month after date of pmt
Headline In yr when Highest in Svcs: BE/FE/usual place of
Date of pmt: EARLIEST of paid. Source by source & country by residence (if have BE/FE
tax rate income special
1. Pmt due & payable >15% remitted. legislation country basis. Unutilised: cannot c/f / c/b elsewhere, SG establishment
2. Credited to Non-R Exemption FTC pooling most directly concerned with SS)
beneficial may be better Time EARLIER of: 1. Tax invoice issued
PERSONAL RELIEFS
3rd 20,000 Normal 3,000 1,500
Unutilised bal. can c/f employment Key appt 5,000 3,500
(MAX CAP = $80,000) Not incl. in PR max cap of $80,000 holders
EARNED INCOME RELIEF (EIR) CPF MEDISAVE CONTRIBUTIONS Wife/ 750/each
Age Normal Handicapped PARENT RELIEF (max 2) Self-employed: Parent (SG
<55 1,000 4,000 Same/diff HH >= $2,000 annual Annual <35 35-44 45-49 >=50 citizens)
55-59 6,000 10,000 maintenance Incom NSman who Claim only 1 relief,
>60 8,000 12,000 e
Dependent: >55yo; annual income is a parent whichever higher
<=$4,000 6-12k 4% 4.5% 5% 5.25%
(ownself)
SPOUSE RELIEF Handicap: no age/income limit 12-18k 4-8% 4.5-9% 5- 5.25-
RELIEF FOR CPF CASH TOP-UPS
$2,000 / $5,500 Type Same HH Diff HH 10% 10.5%
Up to $7,000 for ownself
Spouse’s annual income <= 4,000/no limit >18k 8% 9% 10% 10.25%
Normal 9,000 5,000 Another $7,000 for spouse/siblings (<=
Legal sep. + maintenance pmts = can Max 5,76 6,480 7,200 7,560
Handicapped 14,000 10,000 $4,000) and parents/grandparents/in-
claim 0
Can share. Same HH claim more. laws/handicapped (no income limit)
CHILD RELIEF RELIEF FOR LIFE INSURANCE PREMIUMS
GRANDPARENT CAREGIVER RELIEF RELIEF FOR SUPPLEMENTARY
QCR = $4,000 per child / HCR = $7,500 7% of capital sum assured
Working mother claim $3,000/caregiver RETIREMENT CONTRIBUTIONS
TOTAL CLAIM CAP = $50,000 Male TP: claim for own + wife
Child: SG citizen + <12yo Remuneration is taxable. Just claim the
EITHER husband/wife. Can be shared. Wife: claim for own ONLY
Grandparent: not working/trade; in SG relief after.
QCR: <16yo; FT education; annual income NO relief if total CPF contributions
No limit for unmarried handicapped SRS: voluntary. Can contribute various
<= $4,000 >$5,000
CPF + insurance premium = $5,000 CAP amounts. SG citizens + PRs + Resident
HCR: physical/mental disability; no
HANDICAPPED SIBLINGS RELIEF foreigners
income limit
$5,500. Can share. Claim alr, no one else Income Max Relief ~
COURSE FEES RELIEF
can claim. CAP 15% (Foreigners)
WORKING MOTHER CHILD RELIEF CAP $5,500
Dependent: physical/mental disability 35%
Birth Order Amt Academic/professional qualifications rel.
Same/diff HH >= $2,000 annual maint. 102,000 15,300 35,700
1st 15% of assessable income to current/new employment/TBPV.
2nd 20% Can defer & claim within 2 yrs after SG citizens + PRs: 62yo then can
CPF RELIEF withdraw
3rd 25% completion (no income rn).
SG citizens + PRs Taxed on 50% of withdrawals.
CAP/child 50,000 Employees: Foreigners: over 10yrs of contributions
CAP/mother 100% income
Ord Wage Total Wage CPR Relief before withdrawing
Child: SG citizen + QCR criteria RELIEF FOR FOREIGN MAID LEVY
Ceiling Cap Tax penalty on premature withdrawals:
Working mother: X2 amt of one maid levy
6,000 102,000 20,400 100% of withdrawn sum + 5% penal
Married/divorced/widow + earned Levy Relief
income Normal 300 600
Self-employed:
Concessionar 60 120
Ord Wage Total Wage CPR Relief
PARENTHOOD TAX REBATE y
Ceiling Cap
One-off when give birth. Can share Total = levy*2*no. of months worked
6,000 102,000 37,740
between parents. Deduct on tax payable. Woman: Earned income + married;
Relief = LOWER of husband not SG citizen ok;
Newborn: SG citizen + legitimate child/
1. Actual contribution divorced/widowed w unmarried child
legal adoption (<12 months birth)
Birth Order Amt
2. 37% assessable trade income
1st 5,000
3. 37% of 102,000 ($37,740) NSMEN RELIEF
2nd 10,000 Active Inactive
, NON-R & WITHOLDING TAX 3. Actual pmt “Fixed place Place of Features of FTC pooling:
Deemed provisions: 1. Borne by R/PE in Late pmt penalties: 5% + 1%/mth (30 days of ops” mngmt/floors permanency; Conditions: 1. Tax paid in foreign jur 2.
svc income pace/local cannot be short
SG / 2. Deductible against SG-sourced after due date). CAP 15% of WHT. employees duration
Head-line TR > =15% 3. Have SG tax pay. 4.
income. Non-R is resident of treaty country: only ** FS svc income: if no “fixed place of ops” Entitled to FTC.
Except: arrangement/service performed business profits attributable to PE in SG treated as locally sourced income (taxed Qualify for tax sparring credit (tax not paid
outside SG & guarantor: Non-R subj. to tax on accrual basis) in foreign jurisdiction) = don’t qualify for
(must be performed in SG) If subj. to tax in SG alr, no need for WHT. FS Div. considered subj. to tax: FTC pooling
PE: 1. Asset 2. Activity 3. Agency test 1. Total taxed income >= total div. Qualify for exemption in SG = don’t qualify
Onus is on payer to withhold tax. Collect tax FOREIGN SOURCED INCOME paid for FTC pooling
from non-R. DTA lower the rates FS income received in SG by R & Non-R: TAX 2. Positive current year tax expense in Not allowed if tax loss position.
EXEMPT audited accounts
Exempt method: S13(8) / S13(12) Concession: substantial biz activities
Deemed remittance: (taxable) overseas (gen ec benefits for SG): TAX
1. Remitted into SG EXEMPT.
2. Satisfy debt wrt trade/biz in SG No rd tripping of local income; not shell co.;
3. Buy movable ppt brought into SG apply before remittance.
Credit method
FS income: GROSS amt (incl. foreign tax Deduction method
paid) FOR NON-R. After tax FS income (NET amt;
Double taxation relief (DTR): Income not tax deduct foreign tax paid)
exempt in SG; R in SG; may grant tax
sparring relief (foreign tax deemed paid GOODS AND SERVICE TAX (GST)
when not) Charged on taxable ss by taxable person for
10% 15% 17% 22%
furtherance of biz.
Royaltie Int/comms/ Show how Dire S13(8) Tax R - FS dividends, branch profits, TAXABLE STANDARD ZERO-RATED
s S12(7) fees related to pmts/tech ctor service income (D/B/S): TAX EXEMPT RATED 7% 0%
(a) loan/indebtedn assistance fees If co. profitable assumed subj to corp. Export
Knowho ess S12(6)(a) S12(7)(b) Intl svcs
w pmts Rent to use 2nd leg
tax before paying out dividends.
NON- EXEMPT OOS
S12(7) movable Managem Conditions: TAXABLE Sale/lease of Wages
(b) 1st property S12(7) ent fees Subj. to Paid/payable. 2004 concession: Unilateral taxation relief (UTR): covers all residential GG concern
leg (d) S12(7)(c) corp tax in Not met if: tax (Dividends) Tax property transfer
foreign exempt in exemption is
types of FS income. Applicable when
Gains from Unit trust Financial svcs Private transn
property trans dist. jurisdiction foreign incentive for exemption & DTR do not apply. Inv of precious Third country
Non-R country OR FS substantial biz Foreign tax credit (FTC): R in SG; FS income metals sales
have PE in income activities regrossed (incl. FT paid) + deduct allowance Deemed SS: Biz gift >200% & Disposal gds;
SG moved to 2008 concession:
exp. input tax previously allowed. (Biz pay
Final Final Non-final Non- another FS div temp. dep.
foreign in custodian acc. SG tax payable = tax rate * chargeable output tax instead of end customer)
(can claim final
on net jurisdiction w Remit to SG in a income (after exempt) * (Gross FS Place of SS Gds: physically located
basis) no tax levied yr. No add. income/Total income) (Belonging Imports: GST charged at pt of
Income gen. LOWER of 1. SG tax payable 2. Foreign tax test) importation
Due: 15th of 2nd month after date of pmt
Headline In yr when Highest in Svcs: BE/FE/usual place of
Date of pmt: EARLIEST of paid. Source by source & country by residence (if have BE/FE
tax rate income special
1. Pmt due & payable >15% remitted. legislation country basis. Unutilised: cannot c/f / c/b elsewhere, SG establishment
2. Credited to Non-R Exemption FTC pooling most directly concerned with SS)
beneficial may be better Time EARLIER of: 1. Tax invoice issued
